When individuals file for bankruptcy,  they often hope to have a number of obligations canceled. These obligations can include various debt payments and other payments owed for service.

Some obligations,  however, typically cannot be canceled. According to Wisconsin bankruptcy law, these obligations include alimony, child support, back taxes, student loans, and certain fines.

If you have questions about which obligations cannot be canceled in bankruptcy, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.

Earlier today a post was published on this blog stating that Liz Claiborne is currently emerging from bankruptcy. This is incorrect; Liz Claiborne is NOT currently in, nor is it filing for, bankruptcy.

We would like to retract our previous post and sincerely apologize to Liz Claiborne for the mistake.

As credit card rates continue to climb, more people are unable to pay off their creditor card debts. If your spouse is in such a bind but you are debt-free, then there is chance you are still obligated to pay off your spouse’s debts.

Even if you and your spouse are not joint cardholders on the debt, debt collectors could still force you to use your assets to pay off the debt. In such circumstances, debt collectors typically take the debt case to court, where a judge may order the debtor to use his or her assets to pay off the debt.

These assets could include assets owned by both spouses, meaning you will be partially responsible for paying off your spouse’s debt.

If you or your spouse is struggling with debt, contact the Milwaukee debt negotiation lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.

As more Wisconsin homeowners struggle to pay off their mortgages, foreclosure filings in Wisconsin set a one-month record. In July, there were 2,729 filings, a 52% increase from July 2008, according to ForeclosureAlarm.com

The previous record high of 2,706 occurred last November. Economists cite rising unemployment as the main driver of increased foreclosures. Although the state employment rate figures for July have not been released, the unemployment rate was 9.2%.

If you or anyone you know is seeking foreclosure defense, contact the Milwaukee foreclosure lawyers of DeLadurantey Law Office, LLC at 414-377-0518.